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Virgin Orbit was unable to secure the funding it needed to recover from the failure of its last mission Richard Branson’s Virgin Orbit Holdings, a California-based satellite launch company and a subsidiary of his Virgin Group, announced on Tuesday that it had filed for Chapter 11 bankruptcy protection in the US.

Ngozi Okonjo-Iweala says the world is facing a food and fuel crisis and export controls are making it worse Export restrictions are pushing up food prices and could further exacerbate the global “polycrisis,” World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala said at the opening of the 12th WTO ministerial conference in Geneva on Sunday.